Current:Home > InvestToyota to invest $922 million to build a new paint facility at its Kentucky complex -PrestigeTrade
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-16 08:12:22
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (29)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Trades dominate the day as NFL teams trim rosters to 53 players
- Hurricane Idalia's path goes through hot waters in the Gulf of Mexico. That's concerning.
- Fergie Gives Rare Look at Her and Josh Duhamel’s Look-Alike Son Axl on 10th Birthday
- Travis Hunter, the 2
- Half of University of San Diego football team facing discipline for alleged hazing
- Are avocados good for you? They may be worth the up-charge.
- The Best Labor Day Sales 2023: Pottery Barn, Kate Spade, Good American, J.Crew, Wayfair, and More
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- 50 Cent postpones concert due to extreme heat: '116 degrees is dangerous for everyone'
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- New Mexico’s top prosecutor vows to move ahead with Native education litigation
- France banning Islamic abaya robes in schools, calling them an attempt to convert others to Islam
- 2 found dead in Michigan apartment with running generator likely died from carbon monoxide
- Nevada attorney general revives 2020 fake electors case
- Security software helps cut down response times in school emergencies
- Florida power outage map: See where power is out as Hurricane Idalia approaches
- 'I find it wrong': Cosmetics brand ends Alice Cooper collection after he called trans people a 'fad'
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Nothing had been done like that before: Civil rights icon Dr. Josie Johnson on 60 years since March on Washington
'Don't poke' Aaron Rodgers, NFL cutdown day, Broadway recs and other 'Hard Knocks' lessons
Half of University of San Diego football team facing discipline for alleged hazing
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Racially motivated shooting in Jacksonville reopens past wounds for Black community
This baby alpaca was lost and scared until a man's kindness helped it find its way home
Hungary’s Orbán urges US to ‘call back Trump’ to end Ukraine war in Tucker Carlson interview